Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Stock Price Down 3%

Shares of Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) traded down 3% during trading on Wednesday . The stock traded as low as $69.52 and last traded at $69.56. 198,013 shares were traded during trading, a decline of 85% from the average session volume of 1,309,985 shares. The stock had previously closed at $71.74.

Direxion Daily Regional Banks Bull 3x Shares Stock Down 2.9 %

The stock’s 50-day moving average price is $68.49 and its 200 day moving average price is $74.94. The company has a market cap of $690.93 million, a P/E ratio of 105.26 and a beta of 3.98.

Hedge Funds Weigh In On Direxion Daily Regional Banks Bull 3x Shares

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC raised its holdings in Direxion Daily Regional Banks Bull 3x Shares by 1,650.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 6,755 shares of the company’s stock valued at $366,000 after acquiring an additional 6,369 shares in the last quarter. Anchor Investment Management LLC bought a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares during the fourth quarter valued at approximately $49,000. Glass Jacobson Investment Advisors llc acquired a new position in shares of Direxion Daily Regional Banks Bull 3x Shares in the fourth quarter valued at $40,000. Capital Investment Advisory Services LLC lifted its position in Direxion Daily Regional Banks Bull 3x Shares by 252.5% in the fourth quarter. Capital Investment Advisory Services LLC now owns 564 shares of the company’s stock worth $55,000 after purchasing an additional 404 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in Direxion Daily Regional Banks Bull 3x Shares during the fourth quarter worth $28,000.

Direxion Daily Regional Banks Bull 3x Shares Company Profile

The Direxion Daily Regional Banks Bull 3X Shares (DPST) is an exchange-traded fund that is based on the S&P Regional Banks Select Industry index. The fund provides 3x leveraged exposure to an equally-weighted index of US regional banking stocks. DPST was launched on Aug 19, 2015 and is managed by Direxion.